MUMBAI: With a view to end the strike, a vital meeting between the producers and distributors body UPDF and multiplex owners is in process.
Though Big Cinemas has almost reached a consensus with the UPDF, other multiplexes that have been requested to toe the line are sticking to their earlier proposal of performance-based revenue share system.
Indiantelevision.com was the first to report that Big Cinemas was spearheading the drive to arrive at a speedy settlement with the film producers and distributors.
A meeting of multiplex owners was held just before the vital meeting in which multiplex-owners suggested a three-tier performance-based revenue sharing terms formula. For the big budget films, the share would be in the ratio of 52:48 (producers, multiplexes) for the first week and 42:58 for the second. The ratio for the medium budget films would be 50:50 and 42:58 while small budget films would have a share system of 48:52 and 38:62.
It may be noted that Big Cinemas agreed to the terms of 50:50, 42:58, 35:65 and 30:70 (producers:multiplexes) for the first four weeks respectively for any budgeted film.
“It all depends on the decision that other plexes take besides Big Cinemas in this important hour and make a breakthrough to arrive at a conclusion. The ball is now in their (multiplexes) court. All depends on how they play their part,” exclaims producer Harry Baweja.
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